In a class action filed in Alabama, class plaintiffs alleged that State Farm Fire and Casualty, between 2011 and 2017, used a depreciated cost of labor and other non-material costs for repairs to properties owned by their insureds. The lawsuit alleges that said depreciation was against their policies.
State Farm denies any such depreciation underpayments or other wrongdoings as part of their settlement and a settlement amount was not disclosed. Class members have until August 24, 2022, to file any objections to the proposed settlement. A final approved hearing is scheduled for September 23, 2022.
The case is Annie Arnold et al vs. State Farm Fire and Casualty.
This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.
State Farm has agreed to pay $250 million to settle a class action alleging it secretly worked to help elect an Illinois high court justice in order to overturn a billion-dollar judgment against State Farm. The class members are millions of State Farm policy holders.